Founders must shield employees from distracting acquisition talks until deals close
Leif Abraham · 1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash? · Apr 29, 2020 · at 9:56
Leif Abraham, co-founder of AND CO, discusses managing team focus during acquisition negotiations leading up to AND CO's acquisition by Fiverr.
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“And so people were aware, but I think it's also very important for you as a founder to make sure to not, you know, make people immediately start thinking of, okay, You know, what would it be if this exit would happen? You know, what that means for me, et cetera. And suddenly these questions pop up, these distractions pop up, et cetera, that you don't really want to push on your team yet, because obviously that process takes multiple months. There, you know, a lot can still go wrong, even in the last days of negotiation, et cetera. And so I think it's also important to like keep your team, you know, focused on the work and focused on you know, their job basically, and not to have them be distracted by The potential outcome that might come.”
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